CEMAR Reports Earnings Results for the First Quarter of 2016
CEMAR reported earnings results for the first quarter of 2016. For the period, the company reported net operating revenue of BRL 656,541 million against BRL 710,154 million a year ago. EBITDA was BRL 133,552 million against BRL 116,933 million a year ago. EBIT was BRL 97,999 million against BRL 76,089 million a year ago. Result before income tax was BRL 74,996 million against BRL 95,520 million a year ago. Net income was BRL 58,919 million against BRL 75,976 million a year ago. Adjusted net income was BRL 66 million against BRL 91 million a year ago. Net Debt was BRL 2,134 million against BRL 1,977 million a year ago. Adjusted EBITDA was BRL 135 million against BRL 142 million a year ago.